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Search Tags: Jack Moore
Legislation forcing the White House to explain how the across-the-board budget cuts known as sequestration will affect individual agencies is now waiting for President Barack Obama's signature. The Senate unanimously approved the Sequestration Transparency Act of 2012 Wednesday, which requires the administration to detail within 30 days how the $1.2 trillion over 10 years in automatic cuts will be applied. The House passed its version of the bill last week in a 414-2 vote.
The inspector general for the Social Security Administration estimated the agency is sitting on about $134 million for benefit checks that sit uncashed by recipients for more than a year - money subsequently returned to the agency. But the IG report found most of the recipients who didn't cash their checks are still eligible for the assistance and the SSA could take additional steps to ensure they receive them.
The House handily approved a bipartisan bill requiring the Obama administration to provide more information about how automatic, across-the-board cuts, known as sequestration, will be implemented starting in January. While the vote cut across party lines, lawmakers continue to disagree about ways to come up with alternatives.
The Office of Management and Budget has reiterated to lawmakers that the automatic, across-the-board budget cuts known as sequestration will apply to wartime funding. In a June 15 letter, to Rep. Buck McKeon, the chairman of the House Armed Services Committee, Office of Management and Budget Acting Director Jeff Zients wrote that the Budget Control Act allowed no "flexibility" to exempt Overseas Contingency Operations (OCO), from sequestration.
Defense contractors are growing increasingly worried about the automatic, across-the-board budget cuts, known as sequestration, which are set to take effect in January. Marion Blakey, the president and CEO of the Aerospace Industries Association, said the cuts would hit the defense industry particularly hard.
The State Department's share of overseas contingency contracting has grown over the last few years as the department took on new activities and functions as the military departed Iraq. Still, the budget shows, the Defense Department is the main player in overseas contingency contracting. And there's no guarantee Congress won't turn to the foreign affairs budget in its efforts to dramatically reduce the deficit.
When the Defense Department began contingency contracting operations on a large-scale in Iraq in 2003 it was largely a trial by fire. Despite the best planning, DoD lacked the programs and practical solutions to handle the environment, officials say. Since then, commissions, panels and lawmakers have offered fixes and DoD has evolved to try to create "rock-solid" reforms. Federal News Radio examines these issues in the next part of our series, Inside the World's Biggest Buyer.
Tags: Dov Zakheim , Jacques Gansler , Alan Chvotkin , Gary Motsek , John Tierney , Harold McAlduff , Defense Acquisition University , DoD , State , acquisition , contracting , Commission on Wartime Contracting , Inside the Worlds Biggest Buyer ,
A plan to avoid automatic cuts to discretionary federal spending, including the Defense Department's, advanced in the House, passing the budget committee and heading to the House floor for a vote later this week. Among the $300 billion in alternative cuts approved by the committee, in a 21-9 party-line vote, is a provision requiring federal employees to pay more for their retirement benefits.
The Department of Housing and Urban Development has unveiled a series of new online tools designed to streamline and modernize the way local communities apply for HUD grants. The eCon Planning Suite is a set of data and mapping technologies released to the 1,200 local communities that vie for HUD block grants, as well as to the public at large.
The Thrift Savings Plan's Roth option rolls out today. The Federal Retirement Thrift Investment Board has been preparing for the new program for two years now, but despite the big push today many federal employees will actually have to wait to enroll in the new program. One of the largest federal payroll processors needs more time to upgrade its systems in preparation for the Roth option. Find information about which agencies are affected, as well as the five things feds should know about the Roth TSP below.